Section 8 vs. Bitcoin
May 10, 2024
“Why would you do this?”
Great question.
Section 8 real estate is the safest method to build wealth over a long period of time. Because the government guarantees rent payments, and there are more voucher holders than Section 8 houses, Section 8 is the most predictable income stream that generates monthly cash flow.
Bitcoin is a newer investment vehicle that has generated massive returns in the past, and many believe it will generate big returns in the future.
So we decided, why not put the two vehicles against each other.
One is safe consistent predictable growth. The other is a wild roller coaster of global digital currency.
Instead of purchasing two homes, we decided to buy one and use the equivalent down payment to purchase Bitcoin.
Here are the details:
|
Section 8 |
Bitcoin |
|
|
Date and Time of Purchase |
May 10, 2024 |
May 10, 2024 |
|
Purchase Price |
$92,000 |
$63,073.50 |
|
Cash Invested |
$28,211 |
$28,211 |
|
What did we buy |
1 Condo in Greensboro, NC |
0.44727184 Bitcoin |
|
Monthly Rent (Year 1) |
$1,149 |
NONE |
If anyone wants to follow the wallet, you can see it here: https://www.blockchain.com/explorer/addresses/btc/bc1qjw0y9x5yj3q85aqk4wj8knqpg65nh8cfteqq8p
If you want to see the condo, here’s the building on Apartments.com.
Mike is a conservative real estate investor.
Al is more aggressive.
Where do you stand?
Full Transparency: Al uses Section 8 income to buy bitcoin. He views it as “guaranteed dollar cost averaging”
